Amerigo Resources (TSE:ARG) Upgraded at Atrium Research

Atrium Research upgraded shares of Amerigo Resources (TSE:ARG) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Amerigo Resources Price Performance

Shares of TSE ARG opened at C$1.67 on Wednesday. The company has a debt-to-equity ratio of 12.87, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a fifty day moving average of C$1.64 and a 200 day moving average of C$1.66. The firm has a market cap of C$277.15 million, a PE ratio of 16.70, a PEG ratio of 0.32 and a beta of 3.11. Amerigo Resources has a one year low of C$1.22 and a one year high of C$2.05.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 30th. The company reported C$0.02 EPS for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. The business had revenue of C$61.99 million during the quarter. As a group, research analysts predict that Amerigo Resources will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend was Friday, November 29th. Amerigo Resources’s payout ratio is 120.00%.

About Amerigo Resources

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd.